Developed countries committed to the U.N. Framework Convention on Climate Change have set a goal of jointly mobilizing $100 billion a year since 2009 to support climate action in the world’s poorest countries.
The pledges were defined in the Copenhagen accord then formally adopted by the United Nations in the Cancun agreements a year later. And at the 2015 Paris climate talks, the world agreed to continue aspiring to the $100 billion target until 2025 by which point a new and ideally larger goal will be set.
The degree to which donor countries are fulfilling financial climate commitments is a contentious and complex issue. According to a 2015 study conducted jointly by the Organization for Economic Cooperation and Development and the Jakarta-based Climate Policy Initiative, donors in 2014 were almost two-thirds of the way toward their $100 billion goal having mobilized roughly $62 billion in public and private aid.